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[Joystiq] THQ files for bankruptcy

post #1 of 69
Thread Starter 
Quote:
THQ has filed for Chapter 11 bankruptcy and has entered into an asset purchase agreement with another company.

"The sale and filing are necessary next steps to complete THQ's transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ's deep bench of talent," said THQ CEO Brian Farrell.

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post #2 of 69
What in the world? What happened to the mighty company that created the original Supreme Commander or Metro 2033?

It pains me to hear about this.
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post #3 of 69
Anyone know who is buying them?
 
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post #4 of 69
Let's just be happy it's not chapter 7 bankruptcy.
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post #5 of 69
Quote:
Originally Posted by Cheezman View Post

Anyone know who is buying them?
EA, haha, i dont know
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post #6 of 69
Sad day frown.giffrown.gif
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post #7 of 69
Thread Starter 
Quote:
Originally Posted by Cheezman View Post

Anyone know who is buying them?

According to the THQ press release Clearlake Capital Group seems to be acquiring them.
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post #8 of 69
Quote:
Originally Posted by Cheezman View Post

Anyone know who is buying them?

"Clearlake capitol group" http://investor.thq.com/phoenix.zhtml?c=96376&p=irol-newsArticle&ID=1768687&highlight=

Sounds like they are going to continue on with their current projects.
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post #9 of 69
Now I know why they gave away free keys to Metro2033 on FB. redface.gif Wish them all the luck.
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post #10 of 69
Quote:
Originally Posted by Pineappleman View Post

Quote:
Originally Posted by Cheezman View Post

Anyone know who is buying them?

According to the THQ press release Clearlake Capital Group seems to be acquiring them.

they're on a buying spreee it seems http://www.clearlakecapital.com/news.html
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